Characterized by the rivalry between Crystal Applied Technology Inc.,
Hansol Technics Co. Ltd., Monocrystal, TeraXtal Technology Corp., Iljin
Display, Rubicon Technology, and Crystaland, the global market for sapphire
substrates exhibits a highly fragmented and competitive landscape, finds a
report by Transparency market Research (TMR). The competitive rivalry between
these players is expected to remain high over the next few years.
Global Sapphire Substrates Market: Segmentation
In terms of wafer diameter, the global
sapphire substrates market is segmented into 2 inches, 4 inches, 6 inches and
others. Others segment includes 1 inch, 3 inches, 5 inches and 8 inches wafer
diameters, among others. By applications, the market was segmented into light
emitting diode (LED), radio frequency integrated circuits (RFIC), laser diodes,
silicon on sapphire (SoS) integrated circuits and others. Others segment
includes insulated gate bi-polar transistor (IGBT), double-diffused metal oxide
semiconductor (DMOS) and ultra-fast diodes among others.
The regional market analysis gives in-depth
analysis of the current trends in different regions including North America,
Europe, Asia Pacific, and rest of the world (RoW). RoW covers the South America
and Middle East & Africa markets. The market revenue for sapphire
substrates has been provided in terms of (USD Million) and market volume has
been provided in terms of (Thousand Units), along with the CAGR for the
forecast period from 2016 to 2024.
The worldwide market for sapphire substrates, which presented an
opportunity worth US$0.4 bn in 2015, is expected to rise at a CAGR of 4.10%
between 2016 and 2024 and reach US$0.6 bn by the end of 2024. In terms of
volume, the market is estimated to reach 40,333.2 thousand units by 2024.
Demand for Sapphire Substrates to Remain High from LED
Segment
Light emitting diode (LED), radio frequency
integrated circuits (RFIC), laser diodes, silicon on sapphire (SoS) integrated
circuits, and other applications, such as insulated gate bi-polar transistor
(IGBT), double-diffused metal oxide semiconductor (DMOS), and ultra-fast
diodes, are the main application areas of sapphire substrates across the world.
Among these, the demand for these
substrates has been greater from the LED segment, which is likely to remain so
over the years to come, thanks to the increasing usage of LED lights and
screens. The RFIC segment is also expected to witness a considerable rise in
the demand for sapphire substrates over the next few years.
In 2015, Asia Pacific was the largest
regional market for sapphire substrates, accounting for more than two third of
the market share, in terms of revenue, and is expected to retain their leading
position during the forecast period. In terms of volume, Asia Pacific is again
expected to be the largest regional market for sapphire substrates, accounting
for more than 80% market share in 2015. The shifting of semiconductor
manufacturing facilities in China, Taiwan, Japan and other Asian countries has
been a primary factor for the growth of the sapphire substrates market in this
region.
Global Sapphire Substrates Market: Research Methodology
To aid in strategic decision-making, the
report includes competitive profiling of leading players in the industry,
overview, SWOT analysis, product segments, business segments, various business
strategies adopted by them, revenue garnered and their region wise revenue
share. The SWOT analysis, provided for each of the companies profiled,
discusses the strengths, weaknesses, opportunities and threats for those
companies, thus providing a better understanding of the business of the major
players in this market.
The key trends analysis, provided in the
report for each region, details the current trends of the sapphire substrates
market for that region. The market attractiveness analysis, and Porter’s five
forces analysis included in the report provide insight into industry
competition, market dynamics and the most profitable segments in the sapphire
substrates market. The report also provides the supply chain analysis, for the
sapphire substrates, for a better understanding of the production and flow of
products through the industry and to the end users.
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